Tether Engages Major Audit Firm for Comprehensive Audit

Tether has announced the engagement of a major audit firm, known as one of the 'Big Four', to conduct its first full audit. According to BWEnews, this move marks a significant step for Tether in enhancing transparency and trust within the cryptocurrency industry. The audit is expected to provide a comprehensive review of Tether's financials, addressing long-standing questions about its reserves and financial practices. This development is seen as a positive move towards greater accountability and could influence other stablecoin issuers to follow suit.